According to the latest data, the market size of the electric drives industry in Southeast Asia is expected to rise by USD 179.3 million with a CAGR of 4.94% by the end of 2030. Electric drives are essential components of modern electromechanical systems, offering efficient, flexible, and environmentally friendly solutions for a wide range of applications across industries. As technology advances and demand for clean energy solutions grows, electric drives are expected to play an increasingly prominent role in shaping the future of transportation, manufacturing, and energy sectors.

This comprehensive industry report provides market estimates and forecasts, accompanied by a detailed examination of the voltage, technology, end user, and country aspects. It delivers a quantitative analysis of the market, empowering stakeholders to leverage existing market opportunities. Furthermore, the report identifies key segments for potential opportunities and strategies, drawing insights from market trends and the approaches of leading competitors.

The global electric drives market has been extensively analyzed by categorizing it according to various sub-segments in order to provide accurate forecasts of industry size and assess trends within specific areas.
The Southeast Asia market for electric drives can be segmented by voltage: low voltage, medium voltage. Low voltage is anticipated to show the highest growth rate during the forecast period.
Electric drives market is further segmented by technology: alternate current (AC) drive, direct current (DC) drive, servo drives. AC drive is anticipated to show the highest growth rate during the forecast period.
Based on end user, the electric drives market is segmented into: chemicals, food and beverages, HVAC, mining, oil and gas, power, water treatment, others. Chemicals was the highest contributor to the electric drives market in Southeast Asia. Going forward, the mining segment is projected to witness the highest CAGR during the forecast period.
On the basis of country, the electric drives market also can be divided into: Indonesia, Malaysia, Singapore, Thailand, The Philippines, Vietnam. Malaysia was the highest contributor to the electric drives market in Southeast Asia, with 31.8% share in 2023. Going forward, Philippines is projected to witness the highest CAGR during the forecast period.

The electric drives market in Southeast Asia is a concentrated industry dominated by only a few players including ABB Ltd., Danfoss A/S, Schneider Electric SE, Siemens AG, among others.

Why Choose This Report

Gain a reliable outlook of the electric drives market in Southeast Asia forecasts from 2024 to 2030 across scenarios.
Identify growth segments for investment.
Stay ahead of competitors through company profiles and market data.
The market estimate for ease of analysis across scenarios in Excel format.
Strategy consulting and research support for three months.
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Market Segments Covered in Southeast Asia Electric Drives Industry Analysis:
i.) Voltage
– Low voltage
– Medium voltage

ii.) Technology
– Alternate current (AC) drive
– Direct current (DC) drive
– Servo drives

iii.) End user
– Chemicals
– Food and beverages
– HVAC
– Mining
– Oil and gas
– Power
– Water treatment
– Others

iv.) Country
– Indonesia
– Malaysia
– Singapore
– Thailand
– The Philippines
– Vietnam